price is reversing from 149.578 without testing resistance which mean a lack of buying liquidity the following previous green long candles left behind imbalance which have created fair value area with applying fib to draw the PD area 149 to 148.781 is above discount zone which will hold less impact whereas 148.500 to 148.300 is the zone where we can look for...
Good day traders!! Potential long on USD/JPY for the next upcoming trading days & weeks ahead of us, watch carefully and pay attention to price action and what the market is showing you. Have a great trading week guys.
Scalping usdjpy buy 148.296 Stop loss 147.610 Take profit 150.107 Lot size recommended 0.01 for 100 usd equity Lot size recommended 0.10 for 1000 usd equity Lot size recommended 1 lots for 10000 usd equity open this trade and thanks me later✌️✌️✌️✌️✌️
Long opportunity in USDJPY Note: News can affect setup
This is for short term Marked Possible Buy zone Wait for FOMC release Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
Buy setup has formed in USDJPY Note: News can affect setup
price is at resistance zone of 151.144 and 151.380 after the recent break of structure there is open order block to restest also there will be small liquid or inducement zone that need to be triggered for next upside 150.432 and 150.246 is the buying area with stop loss of 150 rd figure and target of 151.500 with risk to reward 1:3 condition to avoid if...
USD/JPY, “US Dollar vs Japanese Yen” USD/JPY has completed a wave of correction to 150.15. Today the market is consolidating above this level. With an escape upwards, a new wave of growth to 152.20 could begin.
USDJPY is breaking out of immediate resistance It could retest swing high again if there are no premature Bank of Japan intervention
Sept #2 Trade : Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given...
As analysed on July 10 regarding the short opportunity on USDJPY, moved perfectly and respected the deemand area. And made a double bottom or W pattern nearby. Now the price is bullish to touch the near high so every deep is a long opportunity. Unless the price break, the fresh low keet buys target the swing high /Major supply area.
1. for pullback trader or people on short side will trade based on lower low and lower high formation but price movement on down side is bit slow and steady if price reacts on 2nd poi but, does not break the recent (internal lower low) of 141.500 and makes higher low this make the short trade very choppy mind exhaustion 2. for long side trader price might...
1. Trade pullback ? >>> let price get back to POI for entry with sl above POI (offers good R:R) >>> follow the lower high lower lows pattern >>> exit on price switching to higher low 2. Conservative Trade ? >>> wait for the price to get a DISCOUNTED ZONE (fib 0.5 from recent swing low to high) >>> long on swing making higher low and higher high (avoid...
UD/JPY forming a bullish reversal pattern - Head and shoulders at an important support level. The pair is also oversold so the chances of mean reversion on the higher timeframe along with the reversal pattern on the hourly timeframe bodes well.
In contrast to sterling, which reached 15-month highs after data on wage growth fueled hopes that the Bank of England (BoE) still has room to raise rates, the dollar fell to a two-month low on Wednesday ahead of a critical report on U.S. inflation. The Bank of Japan (BOJ) is expected to announce adjustments to its ultra-low interest-rate policy at its meeting...
Go for buy from these zones. But keep in mind sl and tps. Good luck.